THE National Bureau of Investigation (NBI) has discovered that some sequestered firms managed by the Presidential Commission on Good Government (PCGG) during the chairmanship of Juan Andres Bautista had maintained accounts with Luzon Development Bank (LDB).
Minerva Retanal, NBI Anti-Fraud Division executive officer, on Wednesday testified that she made the discovery when the agency started investigating the allegations of Bautista’s estranged wife, Patricia, that he amassed nearly P1 billion in hidden wealth that included cash deposits and condominium units.
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